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- Title
POOLING INTERNATIONAL CONSUMPTION DATA.
- Authors
Pollak, Robert A.; Wales, Terence J.
- Abstract
Abstract--Pooling consumption data from different countries for demand system estimation is attractive because it increases both sample size and the range of variation of relative prices and income. The major objection to pooling is that different countries may have different demand system parameters. This paper proposes and estimates specifications that permit pooling while allowing both short-run and long-run demand systems to differ across countries. Using data from Belgium, the United Kingdom and the United States, we find that, although pooling was accepted for some pairs of countries and some specifications, it was rejected for most. We conclude that caution is appropriate in pooling international consumption data.
- Subjects
UNITED States; CONSUMPTION (Economics); PRICES; STATISTICAL sampling; ECONOMIC demand; MARKET potential
- Publication
Review of Economics & Statistics, 1987, Vol 69, Issue 1, p90
- ISSN
0034-6535
- Publication type
Article
- DOI
10.2307/1937905